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Hackers Just Released What They Say Is A Damning Trove Of Emails About Bank Of America And Its Mortgage Practice
From: Jake Kouns <jkouns () opensecurityfoundation org>
Date: Mon, 14 Mar 2011 01:47:04 -0400
http://www.businessinsider.com/anonymous-hackers-bank-of-america-wikileaks-emails-documents-2011-3 Hacker group Anonymous (aka OperationLeaks on Twitter) just released what they say is a trove of damning documents on Bank of America. You can find them here: bankofamericasuck.com Remember, at this point, we can't verify whether they are legitimate or not, but Gawker's Adrien Chen, who has sources within Anonymous, suggest there's something real to the leaks. Anonymous says the emails deal with BofA's mortgage practices, but the source is not an employee of Bank of America proper -- the source is a former employee from Balboa Insurance, a firm which used to be owned by BofA. As you will see below, we believe that the evidence that is supposed to be so damning is a series of emails showing that employees of Balboa asked for certain loan identifying numbers to be deleted, and they were. Anonymous said late Sunday evening, however, "this is part 1 of the Emails." So perhaps more incriminating correspondence is to come. And to be honest, these messages could be incredibly damaging, but we're not mortgage specialists and don't know if this is or isn't common in the field. The beauty is, you can see and decide for yourself at bankofamericasuck.com. But for those who want a simple explanation, here's a summary of the content. The Source The ex-Balboa employee tells Anonymous that what he/she sends will be enough to, crack [BofA's] armor, and put a bad light on a $700 mil cash deal they need to pay back the government while ruining their already strained relationship with GMAC, one of their largest clients. Trust me... it'll piss them off plenty. The source then sends over a paystub, an unemployment form, a letter from HR upon dismissal and his/her last paystub and an ID badge. He/she also describes his/herself: My name is (Anonymous). For the last 7 years, I worked in the Insurance/Mortgage industry for a company called Balboa Insurance. Many of you do not know who Balboa Insurance Group is, but if you’ve ever had a loan for an automobile, farm equipment, mobile home, or residential or commercial property, we knew you. In fact, we probably charged you money…a lot of money…for insurance you didn’t even need. Balboa Insurance Group, and it’s largest competitor, the market leader Assurant, is in the business of insurance tracking and Force Placed Insurance... What this means is that when you sign your name on the dotted line for your loan, the lienholder has certain insurance requirements that must be met for the life of the lien. Your lender (including, amongst others, GMAC... IndyMac... HSBC... Wells Fargo/Wachovia... Bank of America) then outsources the tracking of your loan with them to a company like Balboa Insurance. The Emails Next comes the emails that are supposed to be so damaging. The set of emails just released shows conversational exchanges between Balboa employees. [..] _______________________________________________ Dataloss-discuss Mailing List (dataloss-discuss () datalossdb org) Archived at http://seclists.org/dataloss/ Unsubscribe at http://datalossdb.org/mailing_list Learn encryption strategies that manage risk and shore up compliance. Download Article 1 of CREDANT Technologies' The Essentials Series: Endpoint Data Encryption That Actually Works http://credant.com/campaigns/realtime2/gap-LP1/
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- Hackers Just Released What They Say Is A Damning Trove Of Emails About Bank Of America And Its Mortgage Practice Jake Kouns (Mar 14)